STATUTORY & REGULATORY DISCLOSURES
Clear relationships make better decisions.
Plan B and C provides Business Ownership Advisory, Strategic Advisory, and related consulting services. Depending on the engagement, those services may involve franchise systems, business sellers, referral relationships, financing resources, professional introductions, vendors, or other arrangements subject to legal, regulatory, contractual, or disclosure requirements.
Statutory and regulatory disclosures
Plan B and C, Inc. provides services through distinct advisory relationships, including Business Ownership Advisory and Strategic Advisory.
Business Ownership Advisory may include the Corporate Refugee Business Ownership Exploration process and other engagements involving franchises, existing businesses and resales, licenses, distributorships, acquisitions, and other paths to business ownership.
Strategic Advisory may include business and operational consulting, fractional or project-based advisory services, implementation support, vendor and professional introductions, and other engagements designed around the needs of an organization or business owner.
Depending on the nature of an engagement, Plan B and C may introduce clients or participants to franchise systems, business sellers, lenders, funding providers, attorneys, accountants, brokers, vendors, consultants, technology providers, or other outside resources. Some relationships may involve compensation or other commercial arrangements.
Some of these activities and relationships may be subject to federal or state laws, franchise regulations, professional requirements, contractual disclosure obligations, or other rules.
These disclosures apply broadly to Plan B and C’s activities and should be read together with any terms, agreements, acknowledgments, or transaction-specific disclosures applicable to a particular service or engagement. They do not replace disclosures required from franchisors, lenders, attorneys, accountants, investment professionals, sellers, or other regulated or transaction-specific parties.
ENGAGEMENT TERMS & DISCLOSURES
Specific services may have their own terms and acknowledgments
These public disclosures apply across Plan B and C’s advisory activities. A particular service, program, project, or transaction may also be governed by separate terms, an engagement letter, statement of work, acknowledgment, referral agreement, or other written agreement.
The applicable engagement document defines the specific relationship. These public disclosures provide additional context and do not replace those terms.
Corporate Refugee Business Ownership Exploration Terms
Version 1.0 — September 2026
These terms apply to business ownership exploration through Corporate Refugee, Plan B and C’s Business Ownership Advisory practice. They address the exploratory relationship, Plan B and C’s role, potential compensation, independent due diligence, professional limitations, participant responsibilities, third-party relationships, and decision-making.
Strategic Advisory
Engagement-specific terms
Strategic Advisory engagements may include consulting, fractional or project-based advisory services, implementation support, vendor or professional introductions, and other defined work. The applicable scope, fees, deliverables, responsibilities, confidentiality provisions, and other terms are established in the written agreement for that engagement.
ROLE OF PLAN B & C
Plan B and C’s role depends on the advisory relationship
In Business Ownership Advisory, Plan B and C acts as an advisor and facilitator and is not the seller, franchisor, or operator of the business opportunities explored through the process.
That role may include facilitating introductions, helping evaluate operational fit, discussing ownership models, and helping participants think through business structure, lifestyle considerations, capital, risk, and decision-making factors.
In Strategic Advisory, Plan B and C may provide consulting, fractional or project-based advisory services, implementation support, or other defined work under a separate written agreement.
Introductions may include franchisors, franchise developers, business brokers, independent business sellers, operators, lenders, funding specialists, attorneys, accountants, vendors, consultants, technology providers, and other industry professionals.
Unless specifically stated otherwise in a written agreement, Plan B and C is not a party to a transaction between a client or participant and a seller, franchisor, business owner, lender, vendor, or other third party.
FRANCHISE RELATIONSHIPS
Plan B and C may participate in franchise introductions and franchise transactions
As part of our business ownership advisory work, Plan B and C may introduce prospective owners to franchise systems that appear consistent with the participant’s stated objectives, experience, capital, operating preferences, and other relevant criteria.
In those circumstances, Plan B and C may have a contractual relationship with a franchisor, franchise intermediary, broker network, or other organization involved in the franchise sales process.
The title used by an advisor, consultant, broker, representative, or intermediary does not by itself determine whether applicable franchise laws or disclosure requirements apply.
Franchise transactions should be evaluated using the applicable Franchise Disclosure Document, independent diligence, professional review where appropriate, and direct conversations with the franchisor and existing franchisees.
COMPENSATION DISCLOSURE
Plan B and C may receive compensation when a transaction is completed
Plan B and C may receive compensation, referral fees, commissions, consulting fees, or other consideration from franchisors, brokers, business sellers, intermediaries, or related parties if a transaction is completed.
This compensation does not ordinarily increase the purchase price paid by the participant.
Compensation arrangements vary by transaction and relationship. The existence of compensation does not change the obligation to evaluate fit, risk, economics, operating requirements, capital needs, or whether proceeding makes sense.
Participants in the Corporate Refugee Business Ownership Exploration process receive separate terms addressing the exploratory relationship, our role, potential compensation, independent due diligence, professional limitations, participant responsibilities, third-party relationships, and related acknowledgments.
INDEPENDENT INVESTIGATION
Business ownership participants are expected to conduct independent due diligence
Any business opportunity evaluated through the Plan B and C process should be independently reviewed and investigated before a decision is made.
Participants are encouraged to carefully review disclosure documents, speak with existing operators or franchisees, review financial information independently, visit locations or headquarters where appropriate, and evaluate the operational, financial, and lifestyle implications of the opportunity.
Legal, accounting, tax, financing, and other professional review may also be appropriate depending on the nature of the transaction.
Business ownership involves risk. Plan B and C does not guarantee income, profitability, success, performance, financing approval, resale value, business value, or future outcomes.
ACCURACY OF INFORMATION
Third-party information should be independently evaluated
Information presented during the discovery process may originate from franchisors, franchise developers, brokers, sellers, lenders, operators, funding providers, or other third parties.
Plan B and C does not independently verify every representation, financial figure, projection, disclosure, operating statement, or other piece of information provided by those third parties.
Clients and participants should evaluate material information directly and obtain supporting documentation where appropriate.
Plan B and C does not assume responsibility for the acts, omissions, representations, financial performance, business performance, or conduct of independent third parties introduced during the process.
FRANCHISE DISCLOSURE DOCUMENT
The franchisor is responsible for the Franchise Disclosure Document
Prospective franchisees should receive the applicable Franchise Disclosure Document, or FDD, through the franchisor’s disclosure process.
The FDD is intended to provide important information about the franchise system, fees, contractual obligations, litigation, franchisee turnover, financial information, territory provisions, and other aspects of the franchise relationship.
State-specific registration, filing, disclosure, timing, or relationship requirements may also apply depending on the jurisdictions involved.
Plan B and C does not prepare, approve, certify, or replace the franchisor’s FDD and does not replace the franchisor’s responsibility to comply with applicable disclosure requirements.
FINANCIAL PERFORMANCE
Financial performance information requires context
Prospective business owners may encounter financial information through a franchisor’s Item 19 Financial Performance Representation, seller financial statements, broker materials, business plans, lender calculations, discussions with existing operators, or other sources.
Historical results do not guarantee future performance for a particular owner, location, territory, or business.
Plan B and C does not guarantee revenue, profit, return on investment, financing approval, resale value, or future operating performance.
Clients and participants should evaluate financial information in context and involve qualified accounting, legal, tax, valuation, lending, or other professionals when appropriate.
REFERRALS
Professional and commercial referrals may involve separate relationships
Plan B and C may introduce clients to attorneys, accountants, lenders, funding specialists, brokers, valuation professionals, insurance providers, technology firms, consultants, vendors, or other resources.
Those providers are independent organizations unless specifically stated otherwise.
A referral does not constitute a guarantee, warranty, endorsement of future performance, or assumption of responsibility for the services provided by the referred party.
Clients and participants remain free to select their own attorneys, accountants, lenders, advisors, vendors, and other professionals.
If Plan B and C receives compensation or another material economic benefit related to a referral, that relationship may be disclosed when relevant or when required by applicable law, regulation, contract, or professional obligation.
FINANCING
Plan B and C is not acting as a lender
As part of Business Ownership Advisory, Plan B and C may help participants understand common business funding approaches and may introduce lenders, funding specialists, or other financing resources.
Unless expressly stated otherwise in a separate written agreement, Plan B and C does not make loans, approve financing, establish lending terms, guarantee loan approval, or act as the participant’s lender.
Lending decisions, rates, fees, collateral requirements, underwriting standards, repayment obligations, and other financing terms are determined by the applicable lender or funding provider.
Participants should review financing documents carefully and obtain independent professional advice when appropriate.
PROFESSIONAL LIMITATIONS
Business advisory is not legal, accounting, tax, investment, or securities advice
Plan B and C’s work frequently touches decisions with legal, tax, accounting, financing, securities, insurance, valuation, employment, real estate, and other specialized implications.
Unless specifically disclosed otherwise, Plan B and C does not provide legal advice, accounting advice, tax advice, investment advice, securities advice, or fiduciary services.
We may help clients and participants identify questions, organize information, evaluate business considerations, and determine when additional professional review may be useful.
Clients and participants remain responsible for obtaining guidance from appropriately qualified and licensed professionals when a decision requires expertise outside the scope of Plan B and C’s services.
CLIENT & PARTICIPANT RESPONSIBILITIES
The person or organization making the decision retains responsibility for it
Clients and participants working with Plan B and C are expected to communicate honestly and directly, provide accurate information, conduct independent due diligence, maintain confidentiality when appropriate, communicate changes in interest level clearly, and make decisions thoughtfully.
Business ownership participants are under no obligation to move forward with any opportunity introduced during the process.
The decision to buy a business, purchase a franchise, enter into a financing arrangement, sign an agreement, make an investment, or decline an opportunity remains with the person or organization making that decision.
CONFLICTS OF INTEREST
Material relationships should be visible to the person making the decision
A referral relationship, commission arrangement, ownership interest, partnership, vendor relationship, or other economic connection may create an actual or perceived conflict of interest.
The existence of a financial relationship does not automatically make the relationship improper. It does make transparency important.
When Plan B and C has a material relationship connected to a recommendation or transaction, our policy is to disclose that relationship when it is relevant to the client or participant’s decision or otherwise required.
Our broader standards regarding conflicts, compensation, confidentiality, professional boundaries, and independent judgment are described in our Code of Ethics and Business Conduct .
ENGAGEMENT-SPECIFIC TERMS
Specific advisory relationships may include additional terms
Plan B and C’s public disclosures describe relationships and boundaries that may apply across the company. Individual services may also require separate terms, acknowledgments, engagement letters, statements of work, or other written agreements.
Corporate Refugee Business Ownership Exploration participants are provided with separate terms addressing the exploratory ownership relationship and the responsibilities of the parties.
Strategic Advisory engagements may be governed by separate written terms defining the scope of work, fees, deliverables, responsibilities, confidentiality provisions, intellectual property, decision rights, and other engagement-specific matters.
When a separate written agreement applies, it should be reviewed directly rather than relying on a summary on this website.
STATE REQUIREMENTS
Requirements may vary by jurisdiction
Federal law may establish baseline requirements for certain transactions, while states may impose additional registration, filing, disclosure, relationship, broker, seller, financing, privacy, or other requirements.
Which requirements apply can depend on the type of transaction, the jurisdictions involved, the location of the business, the residence of the candidate, the location of the seller or franchisor, and the activities occurring in connection with the transaction.
Nothing on this website should be interpreted as a determination that a particular transaction, franchisor, seller, broker, advisor, lender, or other party satisfies every requirement of every jurisdiction.
Transaction-specific questions should be evaluated using the facts and applicable requirements in effect at the time.
ADDITIONAL RESOURCES
Important documents should be reviewed directly
Corporate Refugee Business Ownership Exploration Terms
Version 1.0 — September 2026
Review the terms applicable to business ownership exploration through Corporate Refugee, Plan B and C’s Business Ownership Advisory practice.
Review Corporate Refugee Terms →FTC: Buying a Franchise
Federal consumer guidance covering franchise evaluation, disclosures, costs, contracts, and questions prospective franchisees should consider.
Visit the FTC →FTC Franchise Rule
Review federal Franchise Rule information and compliance resources directly from the Federal Trade Commission.
Review the Franchise Rule →Code of Ethics and Business Conduct
Review Plan B and C’s broader standards regarding integrity, disclosure, compensation, confidentiality, conflicts, professional boundaries, and independent judgment.
Read Our Code of Ethics →THE PURPOSE
Disclosure is supposed to make the relationship clearer.
Clients and participants should understand the nature of their relationship with Plan B and C, how relevant parties may be compensated, where professional boundaries exist, what information comes from third parties, and which decisions remain theirs to make.
These disclosures are intended to provide that context across Plan B and C’s Business Ownership Advisory, Strategic Advisory, and related consulting activities.
They do not replace engagement-specific terms, transaction documents, legally required disclosures, professional advice, contractual terms, or the client or participant’s own due diligence.
QUESTIONS?
If something about the relationship is unclear, ask.
Questions about compensation, referrals, our role, potential conflicts, applicable engagement terms, or how an advisory relationship works should be addressed before you make a decision or enter into an agreement.